I just got my shock of my life. The new credit card that I applied has a huge 5 DIGIT limit credit line. And the MSB (Most Significant Bit is not a "1").

P.S to my boss: I think my salary is not high enough to warrant such high credit card limit. So don't please be mislead. I still need that salary raise next year :D

The credit card company has been so generous to offer such credit facilities to me even though I have a high borrowing aka "debt" to various banks. Almost every week , I been receiving cold calls to get supplementary cards, credit transfer, personal loan and etc. The banks have been super aggressive.

A credit card can be a two edge sword; With a possible worst case ~17% per annum interest rate charges, this is the fastest way to dig your financial grave if you cannot control your spending habits and itchy hands. A lot of young people became bankrupt because of un-controllable credit card spending urges.

But it can be used to get huge amount of cash at an instant at the moment you most need it especially during investment opportunities.